Following our analysis posted here 2 weeks ago and the ideal sell entry on the 1D MA50, we see no evidence of any trend change: The Channel Down since January is intact and we are focusing this time on the 1W time-frame, where the 1W RSI may be oversold but being within a Triangle pattern and relative to where the previous Lower Lows of the pair's Channel...
Great setup the EURUSD as we approach the key 1.00 level, this is a short term trading setup that if triggered will be valid for 1 -2 trading days. We are approaching the 1.00 level which is were we got a nice rally from at the beginning of the month and price has been retracing back to this area for a first test we should see a reaction here again evident in...
The Euro was unable to hold to its two-day gains, as it dropped and closed below the new key level at the $1.02800 area to set the tone for a possible risk of further decline in the coming week. In this video, I have explained in detail the possible expectations that we could be seeing this week and how I intend to take advantage of the bearish momentum when...
The EURUSD pair got rejected again on its 1D MA50 (blue trend-line) and the 0.5 Fibonacci retracement level yet again. This is the 3rd time that this sequence is being repeated within the Channel Down pattern that started following the February 10 high. We've outlined this potential in our last EURUSD analysis last week: As you see on the chart, every time...
The recovery of the Euro in the last couple of weeks doesn't seem to be strong enough to break through the supply zone around 1.02500; hereby giving the impression of strength for the Dollar. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The...
The EURUSD pair has been trading within a Channel Down pattern since the February 10 High (rejection). Every Lower High has been formed on the 0.5 Fibonacci retracement level and we have been targeting this since our last medium-term buy exactly 1 month ago: As you see, despite the initial rebound, the pair turned sideways in the past 3 weeks. However this...
🔰you see the analysis of euros to dollars in an hour time . 🔰The price has reached 1.02500 after an uptrend from 1.01270 and is currently in the resistance area of the downtrend line and the price supply range . Supply and demand areas are marked in the picture🧐 Do you think the price will behave according to the RED❤️ line or according to the GREEN💚 line❓❓ I...
As the US yields slide, the Euro appears to be insinuating a bullish drive as there the Greenback stalled in growth during last week's trading session. In this video, I have illustrated my trading plan for the EURUSD against the new week. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high...
The EURUSD pair continues to trade sideways around the 4H MA50 (blue trend-line), keeping all this time the trend within the strict boarders of the long-term Channel Down pattern since the February 10 High. As this pattern shows, which I've been analyzing on all recent posts, every Lower High is always priced above the 4H MA200 (orange trend-line) and just over...
👉EURUSD the price has not reached its main price level in the coming week, the price movement will be determined by the movement in the ascending channel ❤️ If you find this helpful and want more FREE predictions on TradingView . . . . . Please show your support . . . . . . . . Click the 👍 LIKE button . . . . . . . . . . . Leave your feedback below in the...
As all eyes remain fixed on the upcoming FOMC; The anticipated disruption to the euro-zone economy from energy supply constraints appears to put the Euro remains under downward pressure. However, from a technical perspective, I still see the possibility of a short-term uptrend coming up in the coming week. This video explains how I plan to take advantage of a...
EURUSD the beginning of the growth of the ascending channel / the continuation of the price drop to the lower border of the channel with subsequent growth in the next 2 weeks
On Wednesday we have this month's Fed Meeting where the policy makers are expected to raise another 0.75% the interest rates in the ongoing battle to lower the inflation. There is an opportunity for a short-term trade amidst this as the long-term Channel Down pattern (since early February) that the EURUSD pair has been trading in calls for one last push to price a...
Unlike the US economy, this week is packed with economic data that has the potential of driving the momentum of the Euro. From a technical perspective, I have identified simple structures on the 4H timeframe that will be of major assistance in helping us prepare ourselves for trading opportunities lining up for us this week. Risk Disclaimer: Margin trading in the...
The EURUSD pair is making the expected rebound leg to a new Lower High within the year long Channel Down as we explained on our post 11 days ago: As shown, every Lower High since March 31 is formed on the 0.5 Fibonacci retracement level and the 1D MA50 (blue trend-line). That puts a limit on the current move within approximately 1.0370 - 1.04650. If you...
Last week, EurUsd dropped under parity and made a low around 0.9950. The pair reversed though and has started to correct higher. At this moment, EurUsd is trading at 1.0165 and this correction could continue in the next days This can offer swing traders a good opportunity to join the downtrend for a new drop under parity. 1.0350-1.0380 is a very strong resistance...
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EURUSD continues its bullish momentum and jumped more than 60 pips in today's Asian session. Technical: The pair's immediate support is at 1.0080, On the higher side, near-term resistance is around 1.0150